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Team Member - Wholesale Operations

Aditya Birla Group — Thane, THANE

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Experience 3-6 Years yrs
Age 21-35 yrs
Gender Both
Salary Not Disclosed LPA
Department Sales Loans
Product Loans

Job Description

Job Context

  • Operations division is responsible for controlling and managing all operational activities. The key activities include activation and managing all loan accounts, disbursement & repayment activities, reconciliation and submission of MIS to various stakeholders
  • The Team Maker is responsible for executing activities related to repayments, renewals, extensions and reconciliation for retail customers in the system, capturing rate of interest on an ongoing basis and generating required MIS at predefined intervals

Key Challenges

  • Ensuring accurate & timely transaction processing at all times
  • Piece meal submission of documents causes delay in processing
  • Maintaining data accuracy for system entries 
  • Ensuring timely actionable from the servicing perspective

 

Enabling Skill Sets & Qualifications

The skills required for this role are compliance mind-set, detail & process orientation,

customer centricity and knowledge of corporate finance products

Education and experience required for this role is graduate or post graduate with minimum 0-6 years of experience in operations.

4) Principal Accountabilities

Accountability 

Supporting Actions

Disbursement ,Repayment & Servicing Activities

  • Timely Disbursement basis the approved Disbursement memo including checking the details in comparison with the Sanction terms & conditions 
  • Repayment application by checking the collection bank statements and payment postings across corporate secured & retail verticals. 
  • Products in the secured verticals include:
  • Wholesale / Large corporates : Term Loans, WCDL, LOC, DLOC, LAP, LRD, Investment Product - NCD's etc
  • Timely execution of all Part Prepayments with correct effect in system as per the request received.
  • Timely upload of revised repayment structures for exceptional cases posts re-schedulement in system.
  • Passing on timely impact of ROI Change, Tenure Change, EMI change, Due Date Change as per the request received.
  • FC letter Issuance within defined TAT.
  • Tracking of foreclosure payments, update of payments and termination of loan in system.
  • Timely processing of refund in case of loan termination, Loan cancellation cases and excess refund in case of active cases basis approval from respective authority and valid request details.
  • Adhoc receivable /Dues Creation basis approval from respective authority and with valid request details.
  • Adhoc Payable/Waiver processing basis approval from respective authority and with valid request details.
  • Client / Bank Reconciliations.
  • Moratorium and re-structuring of loans basis revised communication and approval from respective authority.


MIS & Reporting 


  • Generate reconciliation MIS and share reports with business, risk and regulators 
  • Provide prompt and accurate service delivery/ ad hoc reports in case of requests from the Team Leader/ Risk/Relationship Manager 

Audits

  • Execute audit actions and provide relevant data to auditors in consultation with the Team Leader 

Frequently Asked Questions

What are the eligibility criteria for the Team Member - Wholesale Operations job at Aditya Birla Group?

Eligibility typically includes the qualifications and experience outlined in the job description above, with around 3-6 Years years of relevant experience expected for this role.

What are the primary responsibilities of a Team Member - Wholesale Operations at Aditya Birla Group?

The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a Team Member - Wholesale Operations at Aditya Birla Group.

Is prior experience required for this position?

This role requires around 3-6 Years years of relevant experience, as specified in the job listing. Please refer to the Qualifications & Experience section above for full details.

What skills are important for this role?

Skills relevant to this position are outlined in the Qualifications & Experience section above. In general, strong communication, domain knowledge, and the ability to meet role-specific targets are valued across similar BFSI positions.

How do I apply for the Team Member - Wholesale Operations role at Aditya Birla Group?

You can apply directly using the Apply Now button on this page, which will take you to Aditya Birla Group's application process for this role.